Is Being Single the One Biggest Challenge to Homebuyers Today?

Article by Janet Siroto
​Featured expertise by Jason Gelios

With only half of adult Americans married today, it stands to reason that many aren’t waiting to get hitched before buying a home. In fact, the latest figures by the U.S. Census Bureau found that 38.4% of homeowners lack a partner.

Yet while buying a home alone is hardly a rarity these days, single homebuyers face a tougher road in today’s seller’s market. The competition for homes is ferocious, so many single homebuyers are scrambling to have the financial means to get an edge.
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“If you are the single source of income, you typically don’t see the same type of earning power or aggregation of wealth. That can prove challenging in such a hot market,” says Katie Thurber, licensed real estate salesperson at Serhant.

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